The top 50 APAC companies have reported a 21% year-on-year growth in aggregate revenue to $6,782.9 billion in 2021, reveals GlobalData, a leading data and analytics company.
- China dominates the list with 28 companies
- Xiamen C&D, Reliance Industries, and Wuchan Zhongda Group gained over 45% in revenue
- Financial services sector tops the list with 13 companies
An analysis of GlobalData’s Company Reports Database reveals that seven APAC companies out of the top 50 reported an increase of over 40% in their revenue and three companies reported a decline of more than 3%. The list included 28 companies from China, all of which, registered year-on-year growth.
The consolidated revenue of the Indian enterprises grew by 29.1%, followed by China (24.6%), South Korea (21.1%), Hong Kong (18.1%), Taiwan (18%), and Japan (11.4%).
Among the top 50, Xiamen C&D and Wuchan Zhongda Group posted the maximum growth of 74.9% and 49%, respectively, facilitated by improvement in supply chain business.
In South Korea, Hyundai Motor clocked a 16.5% rise in revenue at the back of a 17% growth in vehicle segment sales. Samsung Electronics was able to enhance its revenue because of accelerated sales of consumer electronics and semiconductor offerings. SK Inc registered a 25.4% growth in revenue owing to rise in sales in petroleum refining, chemical, lubricating oil, battery and resources development businesses.